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Podcast: Cascade CounterPoint
Episode: QP: Homeowners, Business Owners, and Retirees: Multnomah County is Coming for Your Life Savings
Description: Full-text: If you’re a Multnomah County homeowner, business owner, or have a retirement account, watch out for the May election. There’s a measure on the ballot that’s coming after you.
Measure 26-238 imposes a capital gains tax on Multnomah County residents. If you sell your home, you will pay the tax on the increased value since you bought it. If you sell your small business, you will pay on the gains from that sale. If you have a retirement account, every time you withdraw money, you will pay on the amount your investments grew over t...